The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Goliath Resources Issuance Of Capital Stock account and
Change To Account Receivables. At this time, the significance of the direction appears to have very week relationship.
The correlation between Goliath Resources' Issuance Of Capital Stock and Change To Account Receivables is 0.24. Overlapping area represents the amount of variation of Issuance Of Capital Stock that can explain the historical movement of Change To Account Receivables in the same time period over historical financial statements of Goliath Resources, assuming nothing else is changed. The correlation between historical values of Goliath Resources' Issuance Of Capital Stock and Change To Account Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Issuance Of Capital Stock of Goliath Resources are associated (or correlated) with its Change To Account Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Account Receivables has no effect on the direction of Issuance Of Capital Stock i.e., Goliath Resources' Issuance Of Capital Stock and Change To Account Receivables go up and down completely randomly.
Correlation Coefficient | 0.24 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Most indicators from Goliath Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goliath Resources current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goliath Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Goliath Resources'
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to about 26.2
K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 8.4
M in 2024.
When running Goliath Resources' price analysis, check to
measure Goliath Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Goliath Resources is operating at the current time. Most of Goliath Resources' value examination focuses on studying past and present price action to
predict the probability of Goliath Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goliath Resources' price. Additionally, you may evaluate how the addition of Goliath Resources to your portfolios can decrease your overall portfolio volatility.